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Author Topic: NXTventure - bringing only the best issues to NXT AE  (Read 49061 times)

jl777

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NXTventure makes private investments in promising enterprises and adds value to each investment by proactively integrating it into NXTservices to add a valuable new service for the NXTcommunity. NXTventure will pay monthly dividends in the assets it acquires, net of trading activities during the launch period. This means NXTventure asset will generate a stream of new assets as it launches them.

I am pleased to announce CoinTropololis_JustaBit will join the NXTventure team. NXTventure is only interested in working with the most promising enterprises and we expect there to only be one new listing per month.

As the leading issuer of NXT assets, I will be able to advise the proper strategy for listing and market making.
As the developer of NXTservices, I will be able to help integrate exciting new features into the NXT community while at the same time enhancing the value of the companies NXTventure invests in. If you are concerned about regulatory issues, NXTventure can provide a buffer by privately investing and issuing assets that represent that private investment. Sales of these assets via AE provide additional insulation as all asset sales are through an open market. NXTventure is not based in usa or europe, which might have stringent regulations.

To qualify for investment, your enterprise needs to bring significant new value to the NXT community.

If you are interested in purchasing NXTventure assets, they are still some available via AE. Stay tuned for announcements for the first NXTventure listing

James
« Last Edit: May 15, 2014, 02:04:34 am by jl777 »
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jl777

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*** pre-ANN ***
Soon I will be posting details about a new NXTventure
stay tuned
***
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jefdiesel

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i just doubled down on this.. James will make us all very moon!
Member of D.O.R.C.S., creators of Lyth - An Emergent Trading Game | Asset ID: 2318361924203311027

jl777

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Is it the expression, "when it rains it pours"?
Just got confirmation of one deal, but there are rain clouds in the sky

I guess rain is good, yes? rainmaker, etc.
ah, farmers need rain, that explains it

So, I promise that after this next financing deal and maybe one more, I will go back to coding. Stockpiled a big todo list, but I hope people can understand that financing deals take precedence over coding.

James
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jl777

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NXTventure is proud to announce its investment in NXTautoDAC

Since the assets represent a percentage of revenues instead of profits, it is expected to sell at a relative premium over profit based assets. However, since DAC's are very new tech, investors will have to balance the two factors.

After selling 150,000 assets, NXTventure will retain the remaining 300,000 NXTautoDAC assets. Estimated holdings per asset after offering:

2 NXT cash + (aveprice of NXTautoDAC) * .15
.3 NXTautoDAC
.2 NXTventure

The prorated NXTautoDAC shares will be allocated to NXTventure asset holders of record May 31st 0:0:0 GMT
They will be delivered in June as soon as the automation is ready.
 
James
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bitcoinpaul

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Like my Avatar? Reply now! NXT-M5JR-2L5Z-CFBP-8X7P3

jl777

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Pumping? ;D


I have so much trading experience I cant resist arbitraging, it just happened that NXTventure was undervalued.
I mean 17 NXT per asset, when the cash value is probably ~4 NXT and another 3 for its own asset value plus .3 of NXTautoDAC.
There is no assurance that there will be twelve successful offerings in a year, but if anybody does the math, prior to the ex-dividend date the value of NXTventure carries a nice bonus. If it can earn just 1 NXT per offering, that puts it above the market price.

Before the first offering, NXTventure had the risk that the future offerings wouldnt be so popular. I expect that as people get a better idea of the stream of offerings that NXTventure will bring to NXT AE, its market price will reflect its potential a bit better.

James

Edit: I did post the details before I did the trade. I guess I should have waited longer, but I doubt anybody else would have purchased and I need to get started on debugging and I find it hard to do when a trade is nagging at me. If anybody wants to undo their sell, just PM me (within a few hrs), it wasnt about grabbing the free money, it was just reflex
« Last Edit: May 15, 2014, 06:58:14 am by jl777 »
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voldemort628

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2 NXT cash + (aveprice of NXTautoDAC) * .15
.3 NXTautoDAC
.2 NXTventure

James

hi James,
probably you may want to break this down a bit further into more details so that people can catch it here.

also, how do you plan to take a snapshot of Nxtventure distribution?

Cassius

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2 NXT cash + (aveprice of NXTautoDAC) * .15
.3 NXTautoDAC
.2 NXTventure

James

hi James,
probably you may want to break this down a bit further into more details so that people can catch it here.

also, how do you plan to take a snapshot of Nxtventure distribution?

I'd appreciate this too.
I head up content for BitScan, crypto business hub.

jl777

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2 NXT cash + (aveprice of NXTautoDAC) * .15
.3 NXTautoDAC
.2 NXTventure

James

hi James,
probably you may want to break this down a bit further into more details so that people can catch it here.

also, how do you plan to take a snapshot of Nxtventure distribution?
The answer to second question is easy. I will take a snapshot of blockchain at 0:0:0 may 31 to see what accts the NXTventure assets are in. Allocation will be based on that. This is the way bonds work when they have an interest payment. The owners of record at the specified date get the interest payment. So, I do the same thing. Asset holders during the block get the distribution.

Now, theoretically, the block after the critical time, the asset price would drop by the value of the distribution. Will be interesting to see what actually happens. I would imagine the offerings in the pipeline would affect what happens.

I will address the other part in a separate reply

James
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voldemort628

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yes.
theoretically price will fall by the amount of the "dividend" paid :)

jl777

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2 NXT cash + (aveprice of NXTautoDAC) * .15
.3 NXTautoDAC
.2 NXTventure

James

hi James,
probably you may want to break this down a bit further into more details so that people can catch it here.

also, how do you plan to take a snapshot of Nxtventure distribution?
Not sure if you are familiar with securities analysis,but the basics are that a security is worth the lifetime future cashflows it will get. Of course, there are things like zero coupon bonds that pay no interest and just lump sum at the end,but lets stick to the model of a security that costs X and in return you will get sum(Y0 + Y1 + ... ) where Yi is the value of what you get each year. Clearly the time horizon is critical as without a cutoff it will become infinite, which is clearly wrong.  So, an approximation is made where you take one years worth of profits and multiply it by this PE (price earnings multiplier)

Companies that are in mature competitive industries get the lowest PE, companies that are in high growth high profitability industries get the highest multiples. PEs in the multiple hundreds are possible for premium companies like google before they have taken over the world. The market projects how big they will be and how much profits they will be making in the future, discount it for competitive and unknown factors and decides on what the PE should be.

Here in crypto land we can safely assume is is going to be high growth industry, so the multiples should be more than an old steel factory. Now there are plenty of risks, especially for longevity, so lets throw out the triple digit PE. More than single digits, less than three digits. I think a reasonable PE would be 20. That is super low for a mega growth industry,but it also factors in the risk. Basically it should be more like 50, 60 or 80 but since things are so new and unproven, I discount things to the more typical PE of 20. It means 20 years of constant profits. But of course, with exponential growth you can hit that in 3 years or so.

Since we are analyzing the price of an asset, lets simplify things by taking the total holdings and dividing by the total number of assets. For example at this moment:

NXTventure: ~3 million NXT, ~350000 NXTautoDAC, ~200000 NXTventure
just look up acct 9190137219092766242 to get the totals. There are one million assets, so this becomes:
3 NXT, .35 NXTautoDAC, .2 NXTventure

The market is still discovering the price of NXTautoDAC. I knew 10 NXT was below market and it is already at 14/15, lets round down and say NXTautoDAC is worth 14 so .35 of that is 4.9 NXT. NXTventure itself is at somewhere between 16 and 31. I dont count the selfbid. Call it 24, so .2 of that is 4.8 NXT

Add the three together and the marked to market holdings of NXTventure is 12.7
This might be analogous to book value. Not actual market value but the number accountants use for tax purposes where you want to have smaller numbers. Also, fundamental investors like to use this as a sort of worst case value. Keep in mind it is not the actual book value, just a marked to market value. The thinking is that if the company just distributed itself out 100% to its holders what is it worth. My estimate is 12.7, round down to 12

What that means is that if the price is 24, half of that is covered by the marked to market + cash value. So the question now becomes is NXTventure properly valued at 24?

Lets see, working backwards using a PE of 20, what this means is that the market is saying that it thinks that in a year NXTventure will produce 12/20 NXT in additional profits per asset. Hmmm. Thats 600,000 NXT of profits for the whole next 12 months. Do you think that is right?

OK, lets go the other way. Let us assume that each month NXTventure will be able to earn 1 NXT per asset in trading profits + assets. That means that over a year the price of 24 means that the PE is 1. ONE? PE of 1. Now I know of some low margin companies that sell for PS (price to total sales not profits) of 2 or 3, but PE of 1 is extremely low.

I really cant give investment advice regarding my own assets and you need to get an independent analysis, preferably your own. However, NXTventure is fairly unique because unlike other growth companies that dont issue dividends, there will be a monthly dividend of that month's listing. The price should zig zag around the ex-dividend date. Let us assume there will be .3 NXTautoDAC per asset at the end of the month and that the price is 15. Well if the first month's dividend is worth 4.5 NXT, what would you estimate the annual amount of dividends to be? What PE do you think NXTventure should get?

Once you objectively analyze this question and do the calculations, you will have a big advantage over the people that dont since you will know how much it is worth, well at least a lot closer than the people that dont do the analysis

James

P.S. I know I cant give any advice about my assets, but I think I can say that I strongly feel that NXTventure is the most undervalued one of them all, if you were to compare them against each other.
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voldemort628

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Hi James,
Thanks for the detailed response. I am comfortable with talking finance. Your analysis is based on quite a few assumptions. Of course valuation is about forecasting and assuming, but each investor will have their own opinions and analysis. Also, more often than not value is dependent on the team behind the asset and other intangle variables.

I believe that the asset is undervalued too.

Cheers :)

gaman

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Hi James

I think your calculation is wrong regarding the PE of 1.

If the Price of NXTVenture is 24 and the future issuance will net as 1 NXT earnings per issue... it would mean an earnings of 12 nxt for 1 year.  Price of 24 / 12 earnings = 2 PE ratio.

Which is still quite attractive to invest.  But the assumption here is your future venture will earn at least 1 NXT.

gaman

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Furthermore, after the 12 ipo in the first year, would you still be having anymore IPO in the second year?

jl777

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Hi James

I think your calculation is wrong regarding the PE of 1.

If the Price of NXTVenture is 24 and the future issuance will net as 1 NXT earnings per issue... it would mean an earnings of 12 nxt for 1 year.  Price of 24 / 12 earnings = 2 PE ratio.

Which is still quite attractive to invest.  But the assumption here is your future venture will earn at least 1 NXT.
maybe it is wrong of me to subtract the liquidation value,but that is what i do.For example if a company has 90% of the price as deposits in NXT,then really the only risk I am taking is the 10% and I adjust the PE for that.

If that is not the official way to calculate PE, then we can say the jl777.PE is 1 and the official PE is 2

James
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jl777

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Furthermore, after the 12 ipo in the first year, would you still be having anymore IPO in the second year?
That is the question that needs to be answered in your mind. You need to assess whether you feel that with cointropolis and justabit out there and all the devs that want to become NXT millionaires, how long will I be able to sustain one IPO per month.

I certainly cant maintain the current pace (what was it 5 in three days?), as a lot of them have been in the works for a while. I understand that until we have a pipeline of projects underway that it is impossible to accurately estimate the number of future IPOs, especially since I only want the best quality ones. I think that is the reason the price is at the PE of 1 or 2.

James
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CoinTropololis_JustaBit

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Furthermore, after the 12 ipo in the first year, would you still be having anymore IPO in the second year?
That is the question that needs to be answered in your mind. You need to assess whether you feel that with cointropolis and justabit out there and all the devs that want to become NXT millionaires, how long will I be able to sustain one IPO per month.

I certainly cant maintain the current pace (what was it 5 in three days?), as a lot of them have been in the works for a while. I understand that until we have a pipeline of projects underway that it is impossible to accurately estimate the number of future IPOs, especially since I only want the best quality ones. I think that is the reason the price is at the PE of 1 or 2.

James

We are putting our full man power behind this project with James; Nikel is already whipping CoinTropolis into shape with his Redbooth project management. We've dropped 90% of projects to focus exclusively on NXTventure.

jl777

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I am proud (and happy!) to announce that voldemort628 has joined the NXTventure team.

He will be keeping track of the assets on the books for all the various issues.

He will also be the mean ogre at the bridge crossing you have to get past before I get involved :)

I really need to get back to coding and voldemort628 will provide the buffer between all the people that want to become NXT millionaires and me. Dont get me wrong, I have proven that NXT is quite a bit more than your ordinary crypto. What other first or second gen crypto allows for massive capital value creation? The NXT economy is not a zerosum game, far, far from it. Ideas combine with implementations combine with capital combines with community and literally millions of USD of equity is created in the most efficient way, I believe in the history of, well, money

My goal is to help as many qualified people also become NXT millionaires. You do need to be bright and hard working and have skills. It used to be that was nowhere near enough as you also needed access to capital and marketing reach. NXTventure provides all the missing pieces and unlike VC companies NXTventure is not out to squeeze every last penny from the devs. Basically I made NXTventure to be exactly what I wished existed for me as a dev. The guideline for NXTventure is that it will end up with equal percentage of the new issue as the people who are developing the company. usually 40%/40%, the rest is used to sell on the market to recoup the cash investment and what remains is distributed to the NXTventure asset holders.

Of course, this being finance, there can be exceptions to the rule. For example if you dont need capital and just want NXTventure to do the AE listing, investor relations, market making we can offer that service for 10% of the assets. We dont charge any upfronts and this will only be possible for high quality teams with high quality concepts. Getting the NXTventure stamp of approval will most certainly increase the market value of the issue by 10%, so again it is a win win deal. For these deals, the assets acquired will be kept within NXTventure and not dividended out since it will probably only be ~5% left after the launch. Almost not a material matter, I just wanted to be clear about it so there is no confusion later. These offerings will not be on a timetable and only be done on a case by case basis.

James
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voldemort628

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Hi,

I am that mean ogre at the bridge crossing :))
I would also be assisting in managing NxtVenture in various ways, so feel free to contact me if you guys want to make the next big project in Nxt ecosystem or just anything you want to talk to us about!

cheers
David
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